October 25, 1929

The Stock Market Crashed

The New York Stock Market crash was front-page news in Richmond the day after what is now known as Black Thursday, when the booming stock market of the late 1920s came to an end. On the morning of Thursday October 24, panicked investors flooded the market with stock, greatly reducing prices. Even though the market had begun recovering by that afternoon and continued generally upward on Friday and Saturday, the subsequent sellouts and dwindling prices on the following Monday and Tuesday heralded the Great Stock Market Crash that most historians pinpoint as the beginning of the Great Depression.